Weighted Average Shares - Diluted DPS

CFA Level I FRA
#1

I see two processes in the kaplan book for this.

You can either multiply the # of shares by 12 and then divide the sum of those products by 12 to give you figure you need as the divisor in diluted EPS

OR

You can multiply each # of shares by t/12 as you work through the calculation for the divisor.

I do not believe this mathematically creates any differences but I would like some confirmation. I notice that sometimes I get different answers. Is this simply due to calculator mismanagement on my behalf?

#2

This is simply about calculating weighted averages.

Take the 2nd approach since it’s from my opinion the most transparent one and easier to correct in case of a flaw (e.g. you counted the wrong number of months).

Regards, Oscar

#3

i would personally go with #2. Much easier to do. 1st one creates too much complication